India beats China on GDP numbers in 2015.
Q. Which nation has beaten China as the fastest growing economy in 2015?- Published on 04 Jan 16a. Japan
b. North Korea
c. South Korea
d. India
ANSWER: India
Featured as a bright spot in a gloomy global economy, India has outpaced China as the fastest growing economy in the world in 2015. It is expected to clock 7 to 7.5 percent growth in 2016 provided reform momentum persists and the business environment betters. FM Arun Jaitley has said subdued global economy and moderate private sector investment will posit challenge and top priorities of the New Year include rolling out delayed GST and ensuring further ease of doing business. India will remain off the targeted growth rate of 8 to 10 percent in the coming future until reforms momentum catches pace. India’s economic growth accelerated to 7.4% in July-September quarter overtaking China as the fastest growing economy in the world picking up on manufacturing, services sector and mining.
